Will Bitcoin be at or above $77,750 on Aug 29?
Signal ended
Entry · YES42¢
PublishedAug 29
Aug 29 forecast
Bitcoin has repeatedly traded around the threshold despite the selloff, so the designated August 29 close at or above $77,750 is favored but far from guaranteed.
The threshold lies inside Bitcoin’s August 29 trading range, and buyers have already recovered an earlier drop below $77,000. That proximity and rebound make an above-threshold Binance close the more likely outcome. However, the hawkish policy shock, stronger dollar, renewed fund outflows and large recent swings leave substantial risk of another abrupt decline before noon ET.
Points to YES
- The threshold is already inside today’s observed trading range, so even a modest rebound before noon could carry the designated Binance close above it.At 04:02 UTC on August 29, Coinbase Pro BTC/USD was $77,537.69 after trading between $77,485.00 and $77,953.48 during the session.
- Buyers have reclaimed the threshold after a deeper morning drop, indicating enough dip demand to support another above-threshold move before noon.An August 29 report placed Bitcoin at $77,813 after it had earlier fallen to about $76,845.
Points to NO
- The policy-driven rise in yields and the dollar could extend risk-asset selling, increasing the chance that Bitcoin remains below the threshold at noon.After Kevin Warsh’s August 28 remarks, the two-year Treasury yield rose 7.84 basis points to 4.312% and the U.S. Dollar Index gained 0.36% to 99.47.
- The recent fund-flow tailwind has weakened, reducing a source of dip buying and making another intraday decline easier to sustain.Spot Bitcoin funds recorded a $202 million net outflow on August 28, ending a nine-day inflow streak.
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